Risk Disclaimer

This notice is provided to you in accordance with the requirements of the Financial Conduct Authority because you propose to conduct transactions in financial instruments in the form of spread bets or CFDs with a firm that carries on an investment activity. This notice cannot and does not disclose or explain all of the risks and other important aspects involved in dealing in such products.

Our company is prohibited by the requirements of the Financial Conduct Authority from giving you investment advice in connection with investments or potential transactions in investments or from making investment recommendations of any kind. We can provide you with factual market information or information, in relation to the transaction you have inquired about, regarding transaction procedures and the potential risks involved and how to minimize those risks.

Engaging in spread betting or contracts for difference (referred to in this notice as a “Transaction”) carries significant risk to your capital. You should not engage in this type of investment unless you understand the nature of the transaction you are entering into and the true extent of your exposure to the risk of loss. Your profit and loss will vary according to the extent of fluctuations in the prices of the underlying markets on which the trade is based.

For many members of the public, these transactions are not appropriate. Therefore, you should carefully consider whether it is suitable for you in light of your circumstances, financial resources and investment objectives. When considering engaging in this type of investment, you should be aware of the following:

The high degree of "indebtedness" or "financial leverage" is particularly characteristic of this type of transaction. This stems from the initial financial requirements applied to such transactions which generally involve a relatively modest deposit or margin in terms of the total market value of the transaction in question, so that a relatively small movement in the underlying market can have a disproportionately large impact on your account. Transaction. If the underlying market movement is in your favour, you could make a nice profit, but also a small adverse market movement can quickly not only cause you to lose your entire deposit but can also expose you to a significant additional loss even more so. Your initial deposit.

You may be required to deposit significant additional margin, at short notice, to maintain your position. If you do not provide such additional funds within the required time, your position may be closed at a loss and you will be liable for any resulting shortfall. You should understand that our company may be unable to close a position due to factors beyond its control and you will be liable for any loss incurred. You cannot and should not rely on our company to close a position.

The purpose of a spread bet or CFD transaction is to secure a profit or avoid a loss by reference to fluctuations in the price of the underlying property or index (the “underlying market”). In the course of our activities, the underlying market may be a single security, a basket of securities, a security index, an exchange rate between two currencies, a treasury product, a bullion, a commodity or any other investment we may make from time to time. . For the time agreed to write. It is an express term for each Spread Bet or CFD Transaction in which neither you nor we can: acquire, purchase, hold, deliver or receive any interest or right in the Underlying Market; and that the rights and obligations of each party under the Spread Bet or CFD Transaction are the basis for making and receiving such relevant payments.

Transactions with our company are not transacted on a recognized or designated investment exchange and, therefore, may expose you to greater risks than cross-exchange transactions. The structure and rules of transactions will be established by our company solely in accordance with the Financial Conduct Authority's Code of Business Conduct. For example, if you want to close the position earlier than the time it automatically expires, you will have to close it at the company price which may reflect a premium or discount to the underlying market. When the primary market is closed, our company's quotation can be affected by the weight of the other customer's purchases or sales with our company. You will have to close any position with the same provider you originally entered with.

When entering into such transactions, our company shall do so pursuant to a two-way customer agreement (i.e. terms and conditions and documents incorporated by reference) in accordance with the FCA Business Code of Conduct unless exempted from doing so. You must satisfy yourself that the dealings are carried out throughout in strict accordance with this Customer Agreement and report to the Financial Conduct Authority if you have reason to believe that it is not.

A gap (or slippage) indicates an event where the market exceeds the stop loss level. This may be because the particular underlying market has become extraordinarily volatile for a while. In such cases, the underlying market may have stopped trading and may only resume trading at a price below the stop-loss level. When this happens, the stop loss may not be effective and the position will be closed at the current price. Accordingly, when you have an open position in a volatile market environment, you should understand the potential impact of the gap.

Under certain trading conditions, it may be difficult or impossible to liquidate a position. This may happen, for example in times of rapid price movement if the price goes up or down in one trading session to such an extent that trading is restricted or suspended.

Our company is required to hold your money in segregated trust accounts in accordance with FCA regulations, but this may not provide complete protection.

Your employment with our company may be covered by the Financial Services Compensation Scheme ("FSCS" or "Scheme"). Client money will be deposited in a client money bank account opened in an approved bank. In the event of our company's bankruptcy, all customer funds held in the bank account of a third party will be protected. In the event of the bankruptcy of the third party bank, you may be entitled to compensation from the system if the third party bank is unable to fulfill its obligations. This depends on the type of work you do, your situation and the circumstances of the claim.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.